A corporate controller is a professional who is responsible for supervising the overall daily accounting operations of an organization. Integral to the financial health of the organization, corporate controllers are required to help the organization with strategic financial decisions through forecasting reports and financial statements. They oversee maintaining accounting records by keeping and storing them in an operable system. Corporate controllers are also required to manage the accounting operations of the organization’s subsidiaries.
Corporate Controller Duties:
- Establishing and maintaining effective internal controls, policies and procedures
- Manage and monitor all financial functions and processes
- Develop and maintain economic, financial, and budgetary plans, forecasts
- Prepare monthly financial statements, budgets, reports
- Maintain accurate financial records
- Maintain accounting records in accordance with government and corporate standards
- Oversee cash flow management and financial planning
- Provide financial analysis
- Assist in financial reporting, budgeting, and forecasting
Corporate Controller Responsibilities:
- Assist the CFO with financial functions, including financial reporting, asset management, and tax planning
- Prepare financial reports, including monthly financial statements, quarterly forecasts, an annual budget, and five-year plan
- Maintain property and equipment records, including depreciation schedules
- Assist with tax filings, including 1099s and W-2s
- Establish and oversee all accounts payable and receivable functions
- Oversee the payroll process, including quarterly and annual tax reports
- Recommend and implement proper accounting procedures and internal controls
- Comply with GAAP and SEC regulations
- Recommend and implement policies and procedures related to accounting and internal controls
- Identify areas of opportunity, and recommend actions
- Oversee the auditing process
- Assist with short and long-term strategic financial planning
- Establish and maintain financial and accounting databases
